March 2022

SINGAPORE (EDGEPROP) - Knight Frank’s Prime International Residential Index 100 (PIRI 100), which tracks and analyses prime price performance in 100 cities and second home markets worldwide, increased by 8.4% in 2021, up from 2% in 2020, according to the real estate consultancy’s annual The Wealth Report. This is the highest annual increase in the value of the index since it was launched in...

SINGAPORE (EDGEPROP) - HDB will offer to buy back public housing flats from owners who face difficulties in selling due to the Ethnic Integration Policy (EIP) quotas.

SINGAPORE (EDGEPROP) - Property developers sold 527 private residential units (excluding executive condos) in February, a 22.5% m-o-m drop from January’s 680 units, according to URA. On a y-o-y basis, it is an 18.3% drop from 645 units in February 2021.“February is traditionally a slow month as the Lunar New Year tends to fall in this month,” notes Lee Sze Teck, Huttons Asia senior director of...

SINGAPORE (EDGEPROP) - The Urban Redevelopment Authority (URA) has announced that strata subdivision of commercial complexes or mixed-use developments with a commercial component will no longer be allowed in Central areas. This includes the Orchard Road and Scotts Road stretch, the CBD areas of Robinson Road and Shenton Way and the areas surrounding the Padang and War Memorial Park.“In general,...